Allison Transmission Holdings, Inc. $ALSN Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its stake in Allison Transmission Holdings by 22.7%, selling 18,576 shares in the first quarter, leaving it with 63,354 shares valued at approximately $6.06 million.
• Several other institutional investors have increased their holdings in Allison Transmission, notably Prudential PLC, which boosted its stake by 112.8% and now owns 44,485 shares worth $4.26 million.
• Allison Transmission reported $2.29 earnings per share in its latest quarter, exceeding analyst expectations, with a net margin of 23.81% and revenue of $814 million.

Russell Investments Group Ltd. trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 22.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,354 shares of the auto parts company's stock after selling 18,576 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Allison Transmission worth $6,061,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ALSN. Transce3nd LLC purchased a new stake in shares of Allison Transmission during the 4th quarter worth $25,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission during the 4th quarter valued at about $31,000. SRH Advisors LLC increased its position in Allison Transmission by 95.0% during the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after buying an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after buying an additional 392 shares in the last quarter. Finally, Private Trust Co. NA increased its position in Allison Transmission by 32.8% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock valued at $61,000 after buying an additional 157 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded down $0.51 during trading on Monday, reaching $88.80. 398,517 shares of the company's stock traded hands, compared to its average volume of 805,180. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The company has a 50-day simple moving average of $90.71 and a 200-day simple moving average of $95.59. The firm has a market cap of $7.43 billion, a PE ratio of 10.09 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.Allison Transmission's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Allison Transmission's payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

ALSN has been the topic of several recent analyst reports. Morgan Stanley upped their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Zacks Research downgraded Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. The Goldman Sachs Group lifted their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Bank of America lifted their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.